I am wondering why the need to replace the blockchain at this time. I am not sold on the idea that yet another coin (token ATM) needs to be created in order to solve the only serious issue I see with current solutions. I am also wondering if current solutions can be upgraded to this tangle with a fork? I understand that alot of work has obviously been put into this effort but I can see a few other methods to monetize this than the creation of yet another coin. Why not propose to the larger Alt projects they morph into this tangle for a fee and use them as a testbed to prove to bitcoin that this would be a hard fork worth pushing. If this were accomplished I see the funding flowing and the infrastructure will not have to be built from the ground up. I am still trying to digest the whitepaper (the math is beyond me) so could you list the bullet points for the advantage/disadvantages v/s blockchain tech.

Also

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that one needs to check in order to nd a suitable hash for issuing a transactionis not so huge, it is only around 38. The gain of eciency for an \ideal" quantumcomputer would be therefore of order 34= 81, which is already quite acceptable (also,remember that (pN) could easily mean 10pNor so). Also, the algorithm is suchthat the time to nd a nonce is not much larger than the time needed for other tasksnecessary to issue a transaction, and the latter part is much more resistant againsquantum computing.Therefore, the above discussion suggests that the tangle provides a much betterprotection against an adversary with a quantum computer compared to the (Bitcoin)blockchain

Saying the time is not much larger is not quantitative. Bloat and TTC are subjective. I'm glad you added the qualifier "Suggests" as I do not see it proven but like I said I cannot follow the math, that is for smarter people than me.

Typo in red.

Goddamn I hate quoting from PDF's why do you people continue to use them? Stinking browser plugin failed and I lost all those tabs in the window with the PDF. PDF's are unsafe.

ANYTHING ADOBE IS UNSAFE!!!!

I finish redoing this later as I have to flush the cache and remove this browser from memory to recover stability and I have pages to backup before that.

Come-from-Beyond, I have a question regarding transactions per second. Dan Hughes brought up 2000 per second for eMunie (going live Q1 next year). You have had some discussions with him. Will IOTA be able to compete with this number?

Come-from-Beyond, I have a question regarding transactions per second. Dan Hughes brought up 2000 per second for eMunie (going live Q1 next year). You have had some discussions with him. Will IOTA be able to compete with this number?

Many thanks in advance Sir!

It's hard to compare Iota and eMunie TPS because of different processing principle. Iota provides only payment, without other features of eMunie, it's like comparing apples to oranges.

I am not sold on the idea that yet another coin (token ATM) needs to be created in order to solve the only serious issue I see with current solutions.

What is this issue? (We see more than one, btw.)

That is what I asked the OP to provide in bullet points and why this solves those issues. I want to know why creating an entire infrastructure to solve these varied issues is preferable to correcting them in existing projects. Adding those points to the op would not be the worst idea I can think of either.

That is what I asked the OP to provide in bullet points and why this solves those issues. I want to know why creating an entire infrastructure to solve these varied issues is preferable to correcting them in existing projects. Adding those points to the op would not be the worst idea I can think of either.

Good idea. This is what I tried to explore more in the 'summary' post over at Medium, though I kept it at a technical minimum to make it as layman friendly as possible.

Now some of the issues that the Tangle solves cannot be replicated by a blockchain, so I guess you are asking why we aren't instead trying to incorporate a Tangle in an existing project. The reason is quite simple: it's LITERALLY impossible. Just look at how infinitely slow Bitcoin progresses and how everyone gets a heartattack at the mere notion of making some changes to it. The rest of the technological world will not stop and wait for Bitcoin to catch up. IoT wont, Quantum Computers wont and the economy wont. So we started anew. Another motivation for this choice is simply that we don't believe in these omnisolutions. It's impossible to create the perfect key that opens all doors, there are ALWAYS flexibility trade-offs for adding features.

IOTA is meant to be purely a transactive token in real time, so it makes sense to create this 'pure token' that solves a problem, solves it really well and solves it NOW, not in a hypothetical ~5+ years down the line perspective.

The weight of the Proof-of-Work behind it. If it was false, it would not be confirmed in Tangle.

For instance, in Rootstack and Ethereum, smart contracts may need interest rate and stock price from outside to trigger the contracts, will Iota be able to provide these kind data?

Hmm, theoretically sure, but not necessarily. It all depends on how the use-cases evolves. IOTA doesn't discriminate, it can be used for all kinds of micro-transactions. But in my opinion, at least as I see it right now, it'll be based more on raw data from the IoT ecosystem.